Kingdom Consulting Loan Agreement Seeks EDA Approval | City of South St. Paul | KINGDOM CONSULTING LLC

Scope & details

The full contract record, as filed.

Contract amount

$2,300,000 total EDA subsidy; anticipated Stage 1 amount $2,185,395.00; anticipated Stage 2 principal $114,605.00

Contract type

FINANCIAL_SERVICES

Contract term

Proposed agreement; Stage 2 interest-only payments for five years after Phase I completion, followed by up to five additional annual forgiveness periods

Renewal date

2037-07-31

Renewal

Stage 2 requires five years of interest-only payments, followed by five annual forgiveness periods if no default occurs. The loan may be forgiven in full after the staged forgiveness schedule is completed.

Document type

AgendaPacket

Source document

City of South St. Paul AgendaPacket Meeting Agenda and Reports 2026-09-28

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City of South St. Paul AgendaPacket Meeting Agenda and Reports 2026-09-28

APPROVED

City of South St. Paul, MinnesotaNot to exceed $2,300,000Sep 28, 2026

City of South St. Paul AgendaPacket Meeting Agenda and Reports 2026-09-28

PENDING

City of South St. Paul, Minnesota$2,300,000Sep 28, 2026

South St. Paul Economic Development Authority AgendaPacket Meeting Agenda and Reports 2026-08-03

AMENDED

City of South St. Paul, MinnesotaAug 3, 2026

South St. Paul Economic Development Authority Minutes of July 6, 2026

AMENDED

City of South St. Paul, MinnesotaJul 6, 2026

South St. Paul Economic Development Authority AgendaPacket 2026-07-06

AMENDED

City of South St. Paul, MinnesotaJul 6, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of South St. Paul?

Kingdom Consulting Llc was awarded this financial services contract by City of South St. Paul, as recorded on September 28, 2026. The contract value is $2,300,000 total EDA subsidy; anticipated Stage 1 amount $2,185,395.00; anticipated Stage 2 principal $114,605.00.

How much is the Kingdom Consulting Llc contract with City of South St. Paul worth?

The Kingdom Consulting Llc contract with City of South St. Paul is valued at $2,300,000 total EDA subsidy; anticipated Stage 1 amount $2,185,395.00; anticipated Stage 2 principal $114,605.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of South St. Paul AgendaPacket Meeting Agenda and Reports 2026-09-28 (AgendaPacket), dated September 28, 2026 from City of South St. Paul. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kingdom Consulting Llc hold?

Kingdom Consulting Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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